The Federal Reserve Bank of Atlanta has revised its estimate for the first-quarter GDP growth in 2025. According to the standard GDPNow model, the real GDP growth is […]
Technology
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Nvidia Stock Drops Amid Focus on AI Spending by Big Tech
Nvidia’s stock has experienced a decline as investors focus on artificial intelligence (AI) spending trends among major tech companies. Analysts suggest that the timing might be right for […]
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PepsiCo to Remove Artificial Ingredients from Popular Food Items by End of 2025
In response to the initiative by Health and Human Services Secretary Robert F. Kennedy Jr., PepsiCo is swiftly acting to eliminate artificial ingredients from its products. Ramon Laguarta, […]
Economy
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Layoffs Decrease, Hires and Voluntary Quits Rise Amid Private Sector Strength
The U.S. labor market regained momentum starting in the fall of 2024, continuing into March 2025. Layoffs and discharges dropped significantly by 222,000 workers in March compared to […]
Technology
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Meta’s LlamaCon Targets OpenAI with New AI Chatbot App and Llama API
On Tuesday, Meta hosted its inaugural AI developer conference, LlamaCon, at its headquarters in Menlo Park, California. During the event, the company unveiled a consumer-oriented Meta AI chatbot […]
Technology
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Supermicro Stock Declines on Weak Preliminary Results
Super Micro Computer (SMCI) experienced a significant drop in its stock price during extended trading on Tuesday following the release of preliminary quarterly results that fell short of […]
Technology
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Amazon Launches First Batch of 27 Internet Satellites
Amazon has successfully launched its first 27 satellites as part of its initiative to establish a space-based internet network. This marks a significant step for the company in […]
Economy
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Chinese Factories Experience Sharp Slowdown Amid Trade War
President Trump’s tariffs are impacting China’s factories significantly. Just three weeks into a trade war that has raised import tariffs on Chinese goods to 145%, an official report […]
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Adidas Warns of Price Hikes for Trainers Due to US Tariffs
Adidas has announced that prices for its popular trainers, including the Gazelle and Samba, will increase due to tariffs imposed by the US. Chief executive Bjorn Gulden stated […]
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UPS Slashes 20,000 Jobs and Plans to Close Over 70 Facilities After Ending Amazon Contract
UPS has announced significant workforce reductions and facility closures following its decision to end a major contract with Amazon. The company aims to enhance profitability by focusing on […]